Kentucky Trust Co Takes Position in Vulcan Materials (NYSE:VMC)

Kentucky Trust Co purchased a new stake in Vulcan Materials (NYSE:VMC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,393 shares of the construction company's stock, valued at approximately $616,000.

Several other large investors have also added to or reduced their stakes in the business. Quilter Plc lifted its position in Vulcan Materials by 8.1% in the 4th quarter. Quilter Plc now owns 5,872 shares of the construction company's stock valued at $1,510,000 after acquiring an additional 440 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new position in Vulcan Materials in the 4th quarter valued at about $84,000. Savant Capital LLC lifted its position in Vulcan Materials by 24.2% in the 4th quarter. Savant Capital LLC now owns 2,573 shares of the construction company's stock valued at $662,000 after acquiring an additional 501 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Vulcan Materials by 4.9% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 250,385 shares of the construction company's stock valued at $64,406,000 after acquiring an additional 11,765 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in Vulcan Materials by 14.2% in the 4th quarter. Empowered Funds LLC now owns 3,005 shares of the construction company's stock valued at $773,000 after acquiring an additional 374 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on VMC shares. StockNews.com raised shares of Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Truist Financial lifted their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Stephens reissued an "overweight" rating and set a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. Citigroup dropped their target price on shares of Vulcan Materials from $325.00 to $301.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, UBS Group initiated coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They set a "buy" rating and a $349.00 price target for the company. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $301.18.

Vulcan Materials Stock Performance

Vulcan Materials stock traded up $1.25 during mid-day trading on Friday, reaching $270.58. The company's stock had a trading volume of 927,825 shares, compared to its average volume of 647,540. Vulcan Materials has a 12-month low of $225.36 and a 12-month high of $298.31. The company has a market capitalization of $35.73 billion, a P/E ratio of 42.68, a PEG ratio of 2.14 and a beta of 0.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. The firm's fifty day moving average price is $267.64 and its two-hundred day moving average price is $261.55.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.72%. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. Vulcan Materials's payout ratio is currently 29.02%.

About Vulcan Materials

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.